Id/XL 


Duke  University  Libraries 

Communication  f 
Conf  Pam  #355 


EOL'SE  OF  REPRESENTATIVES,  January  4,  1861.- Laid  on 
the  table  and  ordered  to  be  printed. 

[By  the  Chair. 


COMMXJ3SriCA.TIOISr 

From  the  Secretary  of  the  Treasury,  relative  to  the  amount  of 
money  transmitted  to  the  Trang-Mississippi  Departraenr. 

Treahurt  Department,  i 
Richmond,  January  2d,  1865.  \ 
Hon.  T.  S.  BocoCK, 

Speaker  of  the  House  of  Rfpreseniatives  : 
Sir  :     I  have  the  honor  to  submit  the  following  information  in 
1  elation  to  ihe  amount  of  Treasury  rotes,  of  the  new  issue,  remit- 
ted to  tlie  Trans-I^lississippi  Department,  which  is  called  for  by  the 
Resolutions  adopted  on  the  31st  of  December. 

The  totf.1  amount  transmitted  is  $20,000,000,  which  was  sent  at 
the  following  dates,  viz  : 

June  3d,  $2  0(iO,000 

"     2 1st,  '2.000,000 

July  l9th,  4  0^:0,000 

Augujit  l9th,  4,000.000 

November  9th,  4,000  000 

23d,  4.000,000 


$20  000,000 


The  cause  of  the  delay  in  transmitting  fnnds.  is  the  diihcnlty 
and  danger  of  cro?faing  the  Mississippi  Ktver.  This  Department 
hag  active,  intelligent  and  j.atriotic  agents  in  its  service,  engaged 
in  the  taf k  of  passing  the  funds  across  the  river,  ft  was  not  rhouHit 
prudent  at  first,  to  send  a  larger  sum  of  notes  than  $2  000.00o\t 
each  trip,  but  more  recently  the  amount  has  been  enlaro-ed  to 
$4,000,000. 

In  addition  to  the  notes,  however,  non-taxable  bonds,  and  cer- 
tificates of  indebedness  and  of  deposit  have  been  sent  to  the 
amount  of  $27,000  000 

No  legislation  appears  to  be  necessary  to  accelerate  the  trans- 
mission of  notes.  The  agent  is  expected  to  return  soon,  and  efforts 
will  be  made  to  extend  the  facilities  of  communication,  and  in- 
crease the  frequency  of  remittances,  without  enlargins  the  sum  of 
each,  and  thereby  augmentimr  the  risk. 

G.  A    TRENHOLM", 
Seci-etary  of  Treasury. 


*355 


pH8.5 


